It looks like one record company has called it quits and will focus on one specific genre- rock. They admit to massive lay offs and cut backs in recent years and have to start reinventing their music company and this includes dissolving its labels.
The labels that served as the home to artists such as Whitney Houston, Alicia Keys and R. Kelly are soon to be no more. Recently installed RCA Records CEO Peter Edge and President/COO Tom Corson officially announced the end of the legendary Arista and Jive Records. J Records, which was created by Clive Davis in 2000, is also done for. Read the full article here!
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